FTAI Aviation Ltd. (NYSE:FTAI) Shares Bought by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. grew its stake in FTAI Aviation Ltd. (NYSE:FTAI) by 7.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,741 shares of the financial services provider’s stock after purchasing an additional 1,988 shares during the quarter. EFG Asset Management North America Corp.’s holdings in FTAI Aviation were worth $4,139,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Congress Wealth Management LLC DE acquired a new stake in FTAI Aviation during the fourth quarter valued at approximately $288,000. Advantage Alpha Capital Partners LP acquired a new stake in shares of FTAI Aviation during the 4th quarter valued at approximately $6,899,000. Vanguard Group Inc. raised its position in shares of FTAI Aviation by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 10,547,939 shares of the financial services provider’s stock valued at $1,519,325,000 after acquiring an additional 184,730 shares in the last quarter. LPL Financial LLC lifted its stake in FTAI Aviation by 3.6% during the fourth quarter. LPL Financial LLC now owns 24,588 shares of the financial services provider’s stock worth $3,542,000 after purchasing an additional 853 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in FTAI Aviation in the fourth quarter worth $2,982,000. Institutional investors own 88.96% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on FTAI. Barclays increased their target price on shares of FTAI Aviation from $135.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, December 4th. Citigroup reiterated a “buy” rating on shares of FTAI Aviation in a research note on Thursday, March 6th. StockNews.com upgraded FTAI Aviation to a “sell” rating in a research note on Saturday, March 15th. BTIG Research increased their price target on FTAI Aviation from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Tuesday, December 31st. Finally, Stifel Nicolaus restated a “hold” rating and set a $123.00 price objective (up previously from $100.00) on shares of FTAI Aviation in a research report on Monday, March 3rd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $173.67.

FTAI Aviation Trading Up 7.2 %

FTAI Aviation stock opened at $114.91 on Tuesday. FTAI Aviation Ltd. has a 52 week low of $65.00 and a 52 week high of $181.64. The stock has a market cap of $11.78 billion, a price-to-earnings ratio of -1,148.99 and a beta of 2.06. The company’s 50-day moving average price is $112.51 and its two-hundred day moving average price is $133.17.

FTAI Aviation Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Friday, March 14th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, March 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.04%. FTAI Aviation’s dividend payout ratio is presently -342.86%.

FTAI Aviation Profile

FTAI Aviation Ltd. owns and acquires aviation and offshore energy equipment for the transportation of goods and people worldwide. It operates through two segments, Aviation Leasing and Aerospace Products. The Aviation Leasing segment owns and manages aviation assets, including aircraft and aircraft engines, which it leases and sells to customers.